Company Description

World Fuel Services Corp. is a fuel logistic company, which is principally engaged in the marketing, sale and distribution of aviation, marine, and land fuel products and related services on a worldwide basis. The company operates business through three segments: Aviation, Marine and Land. The Aviation segment markets fuel and related services to major commercial airlines, second and third-tier airlines, cargo carriers, regional and low-cost carriers, flight based operators, corporate fleets, fractional operators, private aircraft, military fleets and to the U.S. and foreign governments. This segment services include fuel management, price risk management, arranging ground handling, providing global dispatch services 24 hours a day, seven days of the week, and arranging and providing international trip planning including flight plans, weather reports and over flight permits. The Marine segment markets fuel and related services to a broad base of marine customers including international container and tanker fleets, commercial cruise lines and time-charter operators, as well as to the U.S. and foreign governments. Its marine fuel related services include management services for the procurement of fuel, cost control through the use of price hedging instruments, quality control and claims management. The Land segment markets fuel, lubricants and related services to petroleum distributors operating in the land transportation market, retail petroleum operators and industrial, commercial and government customers. World Fuel Services was founded in July 1984 and is headquartered in Miami, FL.